Fees

License Fee	Description	Exemptions
$0.00		None

Description

Oregon credit unions are chartered under the Credit Union Act, Oregon Revised Statute 723. The application must have a field of membership of occupational, associational, or community charter; formation procedures are in the statute.

"Credit union" is a cooperative, nonprofit association, incorporated under the laws of this state, for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest, and providing an opportunity for its members to use and control their own money in order to improve their economic and social condition.

Duration

Ongoing, dependent upon soundness & fee payment

Renewal Information

None

Duplicate License Requirements

None

Processing Time

Processing Time	Description
2-6 Months